UK retail chain Marks and Spencer Group said on Friday it has acquired 50% of M&S Marinopoulos, its franchise partner operating 38 M&S stores in Greece, a number of Balkan states, including Romania and Bulgaria, and Switzerland for EUR 50 mln cash. The joint venture plans to open up to 50 new stores in these markets over the next few years.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
